As the Senior Managing Director of Manhattan West Asset Management, a $300 million private wealth management firm, Roberto Barragan is responsible for establishing a $50 million equity fund to originate, fund and manage small business loans made to women and minority owned small businesses in low and moderate income communities nationally.
Prior to that, from 199 to 2016, Mr. Barragan was the President of VEDC (Valley Economic Development Center), a Los Angeles based non-profit organization in Los Angeles, managing a $11 million budget with 80 employees in 8 offices throughout the country. VEDC served over 3,000 businesses yearly with financing, training and direct business assistance. Roberto led VEDC to build $60 million in assets with a small business loan portfolio of $35 million.
He led VEDC to national prominence as a highly regarded Community Development Financial Institution originating $25 million annually in small business loans. The VEDC lent almost $100 million to women and minority business owners in the last 10 years, and launched numerous loan programs including Business Opportunity Funds in Chicago, Miami, Las Vegas and New York, the National African American Small Business Loan Fund and the National Micro Finance Fund among others. His commitment to diverse communities is evidenced by the $13 million VEDC lent to the African American communities and $35 million lent to Latino business in the last 10 years.
Mr. Barragan is the founder of the Golden State Certified Development Corporation, a local SBA 504 lender. In 2005, he founded the Pacoima Development Federal Credit Union by raising $2 million in deposits, $500,000 in capital and securing a federal charter from the National Credit Union Association. Over the last 6 years, Mr. Barragan has raised over $100 million in federal, state and local as well as private resources for small and medium sized business development.
Mr. Barragan is a nationally recognized expert on community loan funds and microlending, and is a regular lecturer and media expert on these subjects. He serves as the Vice Chair of the Federal Reserve Bank’s Community Advisory Council.